COP31 co-presidency of Turkey and
Australia proposed a global target to increase electricity’s share in final
energy demand to 35% by 2035
¨
The COP31 co-presidency
of Turkey and Australia proposed a global target to increase electricity’s
share in final energy demand to 35% by 2035.
¨
The initiative is known
as the “35×35” (35 by 35) Target.
¨
The proposal was
announced by Murat Kurum and Chris Bowen during the Bonn Climate Change
Conference.
¨
The goal aims to expand
the role of clean electricity in global energy consumption.
¨
Final energy demand
refers to the energy consumed directly by end users in sectors such as
buildings, transport, and industry.
¨
Electricity currently
accounts for approximately 20–23% of global final energy consumption.
¨
Under the “35×35” target,
this share would increase to 35% by 2035.
¨
The proposal forms part
of the COP31 Action Agenda.
¨
The Action Agenda is a
collection of non-binding initiatives associated with the international climate
process.
¨
Such initiatives do not
require formal approval from all parties to the United Nations Framework
Convention on Climate Change.
¨ The target supports the
transition from fossil fuels to clean electricity in buildings, transport, and
industrial sectors.
¨ The proposal is backed by
analysis from the International Energy Agency and the International Renewable
Energy Agency.
¨ It is aligned with the goals of the Paris Agreement, particularly the objective of limiting global warming to 1.5°C.
¨ The “35×35” target is considered an important step toward global energy transition and decarbonization.
